Economic growth ‘to stabilise’ in third quarter, minister says

Economic growth in France is set to stabilise in the three months from July to September, according to French Finance Minister Christine Lagarde. The French economy emerged from a year-long recession in the second quarter of this year.

French economic growth could stabilise in the three months to September after the country pulled itself out of a recession in the second quarter, French Finance Minister Christine Lagarde said Sunday.

"We have a number of indicators that suggest growth will stabilise in the third quarter”, she told Europe 1. “The economy is now longer falling and is slowly stabilising,” the French finance minister added.

After four quarters of negative growth, the French economy finally emerged from recession in the second quarter, with a slender 0.3 percent growth in gross domestic product (GDP). The GDP had dropped by 1.3% in the first quarter.